Okla. Stat. tit. 18, § 18-438.23: Operation for mutual benefit - Disposition of receipts

and revenues.

A cooperative shall be operated on a nonprofit basis for the

mutual benefit of its members and patrons. The bylaws of a

cooperative or its contracts with members and patrons shall contain

such provisions relative to the disposition of revenues and receipts

as may be necessary and appropriate to establish and maintain its

nonprofit and cooperative character. In the case of a cooperative

authorized to issue shares of stock, such bylaws or contracts shall

provide that no monies shall be paid or credits given on the basis

of patronage except after the declaration or payment of dividends on

the outstanding shares of stock in accordance with the articles of

incorporation of the cooperative, and such bylaws or contracts shall

otherwise be consistent with the cooperative's obligations in

respect of such shares of stock.